Innovative Industrial Properties
IIPR
54 hedge funds and large institutions have $83.1M invested in Innovative Industrial Properties in 2018 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 17 increasing their positions, 4 reducing their positions, and 8 closing their positions.
325% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 4
289% more capital invested
Capital invested by funds: $21.4M → $83.1M (+$61.8M)
250% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 8
54% more funds holding
Funds holding: 35 → 54 (+19)
26.84% more ownership
Funds ownership: 18.98% → 45.82% (+27%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$27.6M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$9.99M |
| 3 |
SPCP
Snow Park Capital Partners
New York
|
+$4.54M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.35M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$2.25M |
| 2 |
RA
Resource America
New York
|
-$906K |
| 3 |
Two Sigma Investments
New York
|
-$792K |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$577K |
| 5 |
SPM
Symmetry Peak Management
Radnor,
Pennsylvania
|
-$565K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
51
Reilly Financial Advisors
La Mesa,
California
| $3K | +$28 | +1 | +1% |
|
|
TWA
52
TCI Wealth Advisors
Tucson,
Arizona
| $1K | -$248 | -9 | -18% |
|
53
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1K | +$966 | +35 | New |
|
|
ML
54
McAdam LLC
Philadelphia,
Pennsylvania
| $1K | +$1.19K | +43 | New |
|
|
55
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$2.25M | -69,682 | Closed |
|
|
56
Two Sigma Investments
New York
| – | -$792K | -24,521 | Closed |
|
|
PAM
57
PVG Asset Management
Golden,
Colorado
| – | -$559K | -20,000 | Closed |
|
|
EMFAT
58
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$577K | -17,852 | Closed |
|
|
SPM
59
Symmetry Peak Management
Radnor,
Pennsylvania
| – | -$565K | -17,500 | Closed |
|
60
Acadian Asset Management
Boston,
Massachusetts
| – | -$261K | -8,075 | Closed |
|
61
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$174K | -5,370 | Closed |
|
62
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$8K | -256 | Closed |
|
IIPR Hedge Fund Activity: Q1 2018 in Review
54 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Innovative Industrial Properties (IIPR) for Q1 2018, worth a combined $83.1M — up 289% from $21.4M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new IIPR positions and 8 closed out — a net gain of 20 holders — while 17 added to existing stakes and 4 trimmed.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $27.6M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $2.25M sold.
- 54 institutional investors held Innovative Industrial Properties (IIPR) as of Q1 2018, up from 35 in Q4 2017.
- Funds reported $83.1M of Innovative Industrial Properties stock for Q1 2018, up 289% quarter-over-quarter.
- 28 funds opened new Innovative Industrial Properties positions in Q1 2018 and 8 closed out, a net change of +20 holders.
- The largest Innovative Industrial Properties buyer in Q1 2018 was HG Vora Capital Management, an estimated $27.6M added.
- The largest Innovative Industrial Properties seller in Q1 2018 was Mirae Asset Global Investments, an estimated $2.25M sold.
Based on aggregated 13F filings for Q1 2018.